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What are the advantages and disadvantages of audit committees in terms of auditor independence ?

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Question ajoutée par Frank Mwansa , ACCOUNTING LECTURER , FREELANCER
Date de publication: 2016/11/24
Soliman Abd  ALmalak Gendy
par Soliman Abd ALmalak Gendy , مدير ادارة مراقبة حسابات , الجهاز المركزى للمحاسبات

                                                                                                                                                                            An audits committee is a committee comprising of- non executive  directors which is able to view a company ,s affairs is detached & independent way and collaborate effectively between the main board of directors and external auditors

*Advantages:

IT may improve the quality of management accounting as it will placed to critisicise internal functions-

- It should lead to better communication between the directors, external auditors and management.

- Disadvantages:

* Fear that their purpose is to catch management out

*A two- tier   board of directors

*Additional cost in terms. at least. of time involved

Nazmul Islam CMA
par Nazmul Islam CMA , Manager , Robi Axiatal Ltd.

Agree with the above answer.

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